Tag: Oil and Gas
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Trump Says US Will Take Control of Venezuela’s Oil Reserves: What It Means
Overview of Trump’s Claim and the Strategy President Donald Trump announced that the United States plans to take control of Venezuela’s vast oil reserves and would recruit American companies to invest billions to refurbish the country’s devastated oil industry. The statements, made amid a broader push to confront the Maduro government and its economic crisis,…
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Ntorya Gas Project in Tanzania Eyes 2026 Start-Up After Key Milestones
Overview: Ntorya Gas Project targets 2026 start-up Tanzania’s Ntorya gas venture, operated by ARA Petroleum Tanzania (APT) in partnership with Aminex, is making notable progress across its critical infrastructure and development activities. The project, situated offshore of the southern Tanzanian coast, is set to deliver a substantial natural gas resource for domestic energy supply and…
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West Africa’s Atlantic Margin Sees Renewed Exploration Interest
Introduction: An Opportune Moment for the Atlantic Margin West Africa’s Atlantic margin is entering a fresh cycle of exploration activity, driven by a convergence of favorable geology, shifting corporate strategies, and a growing consensus that global energy demand will require more barrels in the years ahead. The region, long a pillar of African oil output,…
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A Stronger Africa Requires Stronger Investment Policies
Introduction: A continent poised for investment-driven growth In a rapidly evolving global energy landscape, Africa’s growth hinges on one crucial factor: investment policy. Author and energy policy analyst NJ Ayuk argues that stronger, clearer, and more credible investment policies are essential to unlock Africa’s vast resources. The spotlight is today on Algeria, a longtime energy…
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ICPC Opens NMDPRA Probe Over Dangote Corruption Petition
ICPC Launches Probe Following Dangote Petition The Nigerian anti-corruption watchdog, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has announced that it will investigate a petition accusing an executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of corruption. The move marks the latest development in a long-running scramble over governance…
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Springfield Takeover: Independent Valuation for Viability
Overview: A potential Springfield Takeover under review The Ghanaian government is signaling openness to a state-led option for Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2), but any move will hinge on a credible, independent valuation. Energy authorities say the evaluation will determine whether a government-backed takeover…
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TotalEnergies Accused of Complicity in War Crimes Over Mozambique Gas Plant Massacre
Overview: A New Controversy Surrounding a Global Energy Giant French energy major TotalEnergies found itself at the center of a legal and diplomatic storm after a Paris prosecutor’s office formally accused the company of complicity in war crimes and torture. The charges stem from a massacre at a Mozambique gas plant, a case that first…
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Nigeria joins $25m push to curb methane and super pollutants
New global effort targets methane and other super pollutants Nigeria has been selected as one of seven pioneer countries to benefit from an initial $25 million funding package under the Super Pollutant Country Action Accelerator. The global initiative is designed to accelerate action on methane and other super pollutants that contribute to climate change and…
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Methane Cuts at COP Fall Short of 30% Target by 2030
Overview: Limited Gains, Large Gaps At the COP gathering, a new analysis shows that the international push to curb methane emissions is falling well short of what science and policy makers say is needed. The report estimates that the commitments currently on the table would translate into roughly an 8% cut in methane emissions by…
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House Probes Oil Firms Over Failure to Fund Host Communities Development Trust Fund
Background of the Probe The Nigerian House of Representatives has ordered a comprehensive investigation into the persistent failure by oil and gas companies to remit the mandatory three per cent of their annual operating expenditure to the Host Communities Development Trust Fund (HCDTF). The directive comes amid concerns that the fund, designed to support development…